Sony invests $250M in Epic Games for a 1.4% stake, bringing the total raised by the maker of Fortnite to $1.83B

Sony has invested $250 million for a minority stake in Fortnite maker Epic Games, the companies announced today. With the new money, Epic Games has raised $1.83 billion to date.

VentureBeat 2020-07-10 Dean Takahashi

Discussion

@dariusjbutler Darius Butler on x
$250M for a 1.4% stake...😳 https://twitter.com/...
@gavinsbaker Gavin Baker on x
Fortnite generated $400m in revenue on 3.2b hours of playtime in April per this article. That is $0.125 per hour. Many AAA console/PC games monetize at over $.50 per hour. Fortnite would be at least a $20b game if it monetized in-line with peers. https://venturebeat.com/... https…
@roundhill Roundhill Investments on x
Epic Games, the creator of Fortnite, is now valued at $17.86 billion. For reference, Take-Two Interactive, known for its Grand Theft Auto franchise, is currently worth $17.21 billion. https://venturebeat.com/...
@knowledgehubty @knowledgehubty on x
hey remember when i said sony and epic probably had a marketing deal, hence why epic was hyping up the ps5? turns out it was more than just a marketing deal https://www.cnbc.com/...
@quinnypig HydroxyCoreyQuinn on x
“The deal is expected to close in precisely two weeks.” https://twitter.com/...
@holinka @holinka on x
I don't have an MBA so I don't understand this. Why does Epic need any outside investment at this point? Doesn't Fortnite make A LOT of money? Doesn't taking outside money invite outside influence that you don't want or need? These are all genuine questions. https://twitter.com/.…
@ijohnf John Funtanilla on x
Big moves by Epic Games. “Just to put this into perspective. When Tencent invested $330m in Epic Games back in 2012, that got them a 40% stake with Epic valued at ~$825m. Sony's $250m investment today gives them a ~1.5% stake with Epic valued at ~$17bn.” https://twitter.com/...
@epro Emil Protalinski on x
Update: Sony is acquiring a 1.4% stake in Epic, which means the deal values Epic Games at $17.86 billion. https://venturebeat.com/...
@mysticryan Ryan Biniecki on x
Well, this really puts into perspective the unusually close ties Sony has had with Epic for this upcoming generation. A minority stake in Epic is a pretty big investment. https://venturebeat.com/...
@kylebrussell Kyle Russell on x
Sony building relationships with Microsoft and Epic is interesting!
@zhugeex Daniel Ahmad on x
Sony has invested $250 million for a minority stake in Fortnite maker Epic Games. Sony and Epic will broaden their collaboration. This doesn't impact Epic being able to publish on other platforms. https://venturebeat.com/...
@jimmytugboat Jim Lipscomb on x
Our new app for real-time facial capture and streaming directly into UE4 is out now on the iOS App Store. We use this at our own stages. Really impressive how quickly you can be up and running. Audio & video recording, CSV export of curve data, and timecode via Tentacle or NTP. h…
@unrealengine @unrealengine on x
🗣️📱 Introducing Live Link Face for Unreal Engine on iOS. Virtual production and livestream-ready real-time facial animation are now easier than ever! #UE4 Download now for free: https://www.unrealengine.com/ ...
@thatbshar @thatbshar on x
This will be used to enhance storytelling and experiences across mediums...but there's a smart content creator (ex: Twitch) out there somewhere who will pilot a new character live on stream, with a full range of reactions and emotions. https://twitter.com/...
@twthereddragon @twthereddragon on x
Unreal Engine can now capture facial expressions and import them into games using an iPhone with a TrueDepth camera - this is really cool for smaller studios & devs https://www.theverge.com/...
@videogamenews Video Games on x
Unreal Engine can now capture facial expressions via an official iOS app https://www.theverge.com/... https://twitter.com/...

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Sony invests $250M in Epic Games for a 1.4% stake, bringing the total raised by the maker of Fortnite to $1.83B

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